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Air France-KLM Eyes 44.9% Stake in TAP Air Portugal

11/7/2025

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Summary

Story summary

Air France-KLM plans to submit a proposal to acquire a 44.9% stake in TAP Air Portugal, according to Air France-KLM CEO Ben Smith during a quarterly results presentation.
The Portuguese government aims to privatize part of TAP and confirmed its intentions in September 2023.
Proposals are due by November 22, with 50.1% retained by the government, 44.9% for private investors, and 5% for employees.

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Story summary

Air France-KLM plans to submit a proposal to acquire a 44.9% stake in TAP Air Portugal, according to Air France-KLM CEO Ben Smith during a quarterly results presentation.
The Portuguese government aims to privatize part of TAP and confirmed its intentions in September 2023.
Proposals are due by November 22, with 50.1% retained by the government, 44.9% for private investors, and 5% for employees.